529 News

Recent Plan News

Oregon College Savings Plan to offer new investment options

The Oregon 529 Savings Board, which oversees the state's 529 plan recently approved a contract that will improve the plan's customer service and increase investment options. The plan is changing administrators to Sumday Administration, LLC, and will begin offering new investment options in September, including Vanguard mutual funds and an FDIC insured product.

State Farm agents will no longer service or sell interests in the NE State Farm College Savings Plan

Nebraska's State Farm College Savings Plan announced that State Farm agents will no longer service or sell interests in the 529 plan. First National Bank will continue as program manager and will assume responsibilities as plan distributor from Oppenheimer and OFI as of August 3, 2018.

Upcoming changes to the PA 529 Investment Plan include increased international exposure

Pennsylvania's 529 Investment Plan, which is available to residents of any state, will be making changes to its underlying investments, effective April 27, 2018. The plan will be adding new investment options that will provide an opportunity for account owners to diversify investments with international exposure, including offering the Vanguard Total International Bond Index Portfolio and increasing the international equity and bond allocations in multi-fund portfolios. The plan will also be adding seven new portfolios to its three Age-Based investment options.

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